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Money flows at Monterey Auctions

Buyers of classic vehicles have dug deep into their pockets at auctions on the Monterey Peninsula, easily topping the sales totals from last year with one auction still remaining. More than $203 million has been spent on 704 vehicles, for an average sale price of $288,360.

In 2011, the auction houses set a record for total sales during Pebble Beach week at $197,732,538 having been spent on 881 vehicles for an average sale price of $224,441. According to Sports Car Market, the last decade's highest average sale price high-water mark was set in 2008, when the average was $352,880.

Officials from Hagerty Insurance have representatives at all the auctions and recorded the information.

Listed below are the raw results witnessed by Hagerty during the live auctions and may not factor in any post-sale deals that have occurred. These numbers include the appropriate buyer's premiums.

Monterey car week is packed with car shows, vintage racing and car auctions. Autoweek will be there providing streaming photo galleries and live coverage of the Pebble Beach Concours d'Elegance, historic racing at Laguna Seca, the Monterey car auctions and plenty more. Go to Autoweek's Pebble Beach home page for complete coverage and live updates.